- Franklin Templeton, Fidelity, Bitwise, and Grayscale have filed updated S-1 forms to launch spot Solana ETFs.
- Grayscale will charge a 2.5% fee payable in $SOL, while CoinShares has registered a Solana Staking ETF in Delaware.
Several major asset managers have intensified their efforts to bring spot Solana exchange-traded funds (ETFs) to the U.S. market. Franklin Templeton, Fidelity, Bitwise, and Grayscale have all submitted updated filings with the SEC, signaling increased competition in this emerging segment.
🚨SOLANA ETF RACE HEATS UP!
Franklin Templeton, Fidelity, Bitwise, Grayscale & others just filed updated S-1s for spot Solana ETFs.
Grayscale plans a 2.5% fee — paid in $SOL.
Meanwhile, CoinShares quietly registered its #Solana Staking ETF in Delaware. 🇺🇸 pic.twitter.com/5d9hN5asIV
— Coin Bureau (@coinbureau) August 1, 2025
Franklin Templeton and Fidelity Lead Renewed Spot Solana ETF Filings
Franklin Templeton and Fidelity recently filed amended S-1 registration statements for spot Solana ETFs, highlighting their intent to offer direct exposure to $SOL tokens through regulated investment vehicles.
Bitwise, another prominent crypto-focused manager, following its ETF approval, also updated its application, underscoring a broader push by institutional players to access Solana’s growing ecosystem via ETFs.
Grayscale’s Unique Fee Structure and CoinShares’ Staking ETF Registration
Grayscale’s application stands out by proposing a 2.5% management fee payable in Solana tokens rather than fiat currency, a departure from typical fee models in the ETF space.
Meanwhile, CoinShares has quietly registered a Solana Staking ETF in Delaware, targeting investors interested in the staking yields generated by the network.
These filings collectively indicate a growing institutional interest in not only holding Solana tokens but also leveraging the blockchain’s staking capabilities within regulated products.
At the time of press, Solana (SOL) is trading at $169.14 USD, reflecting a 4.75% decrease over the past 24 hours. The daily trading volume stands at approximately $7.35 billion, indicating active market participation. The price has fluctuated between a low of $167.10 and a high of $179.68 during this period.
